ACTIVE

The Middle Men

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Financial year 2025 · closed on 31/12/2025
Net result
6,4 k €
-8.1% YoY
Gross margin
495,1 k €
+17.1% YoY
Equity
88,4 k €
+7.8% YoY
Workforce
9,0 ETP
+8.4% YoY

What does The Middle Men do?

The Middle Men is a Private limited company incorporated in 2018. Its main activity is: Public relations and communication activities. Its registered office is in Bruxelles. It employs on average 9,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0713.774.993
Incorporation
21/11/2018
Legal form
Private limited company
Registered office
Rue d'Arenberg 44 box 1D
1000 Bruxelles · BruxellesSee on map
Contributed capital
20 000,00 €
Latest accounts
31/12/2025
Average workforce
9,0 ETP
Activities (NACE)
70210Public relations and communication activities· main73300Advertising and market research62010Computer programming activities62100Computer programming, consultancy and related activities
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212019
Income statement
Gross margin495,1 k €422,9 k €353,5 k €261,7 k €183,5 k €62,5 k €
EBITDA23,1 k €21,3 k €14,9 k €21,2 k €21 k €49,1 k €
Operating result14,4 k €14 k €9,6 k €17,2 k €15,1 k €44,1 k €
Net result6,4 k €7 k €4 k €10,9 k €9,9 k €29,8 k €
Balance sheet
Equity88,4 k €82 k €75 k €71 k €60,1 k €49,8 k €
Total assets843,5 k €789,5 k €700,4 k €625,9 k €549,7 k €230,2 k €
Cash465,9 k €174,5 k €119,1 k €155,9 k €173,2 k €86,5 k €
Debts755,1 k €707,5 k €625,4 k €554,9 k €489,5 k €180,4 k €
Other
Workforce9,0 ETP8,3 ETP7,2 ETP6,0 ETP4,6 ETP–
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

MDB Strategy & Communication

Director · since 13 décembre 2018 · 0568.924.992

Represented by Maarten Debecker

Active
MONTBORON

Director · since 13 décembre 2018 · 0536.615.876

Represented by Philippe De Vries

Active

Ended mandates

MDB Strategy & Communication

Director · 0568.924.992

Ended
MONTBORON

Director · 0536.615.876

Ended
At this address

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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date22/06/202628/06/202529/07/202431/07/202330/06/202219/06/2021
General meeting19/06/202620/06/202521/06/202416/06/202317/06/202218/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202519/06/202622/06/2026DutchPDF
Abridged model31/12/202420/06/202528/06/2025DutchPDF
Abridged model31/12/202321/06/202429/07/2024DutchPDF
Abridged model31/12/202216/06/202331/07/2023DutchPDF
Abridged model31/12/202117/06/202230/06/2022DutchPDF
Micro model31/12/202018/06/202119/06/2021DutchPDF
Micro model31/12/201919/06/202025/06/2020DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

MDB Strategy & Communication

Director · since 13 décembre 2018 · 0568.924.992

Represented by Maarten Debecker

Active
MONTBORON

Director · since 13 décembre 2018 · 0536.615.876

Represented by Philippe De Vries

Active

Ended mandates

MDB Strategy & Communication

Director · 0568.924.992

Ended
MONTBORON

Director · 0536.615.876

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates02/10/2023
    WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office23/03/2020
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates24/12/2018
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other23/11/2018
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 20256,4 k €↓
  2. 2024
    Annual accounts 20247 k €↑
  3. 2023
    Annual accounts 20234 k €↓
  4. 2022
    Annual accounts 202210,9 k €↑
  5. 2021
    Annual accounts 20219,9 k €↓
  6. 2019
    Annual accounts 201929,8 k €
  7. 21/11/2018
    IncorporationPrivate limited company